N e w s

Russia's Saving Bank (Sberbank) reports in its press-release that as a result of its mutual cooperation with Russian precious metals miners, Sberbank increased its precious metals deposits by 10,5 tons of gold and 11 tons of silver. In exchange for stable and continuos precious metals supplies Sberbank provides mining companies with long-term financial resources. In 2002 Sberbank was actively working at retail market of precious metals, selling ingots and coins to private and legal individuals. Since the start of the year, Sberbank sold over 400 kg of gold ingots and over 170 000 precious metals coins, weighting 4 tons on the whole.